If you are not a first home buyer but are buying an established home, a new home or land to build a new home to live in the Northern Territory there are a few grants and initiatives which you may be eligible for.
If you would like more information please give us a call at Territory Loans.
Territory Home Owner Discount (THOD)
You may be eligible for the Territory Home Owner Discount if you have not had an interest in a property in the NT for at least 24 months. The 24 month period does not apply to applicants who no longer hold or will no longer hold an interest in a property as a result of a breakdown of a marriage or de facto relationship.
At least one applicant would need to occupy the property for a continuous period of 6 months within the first 12 months after settlement to qualify.
Eligible applicants could receive a reduction in stamp duty up to a maximum $18,601 when purchasing a home valued at $650,000 or less.
Up to $18,601 stamp duty concession – Territory Home Owner Discount
https://nt.gov.au/property/home-owner-assistance/territory-home-owner-discount
Purchasing a New Property
If you are purchasing or building a new home you may also be eligible for the Build Bonus Grant.
$20,000 Build Bonus Grant
https://nt.gov.au/property/home-owner-assistance/buildbonus-grant
